| Summary of the status of warrants (Tables) |
A summary of the status of the Company’s warrants is presented below. |
|
| December 31, 2015
|
| December 31, 2014
|
|
|
| Number of
|
| Weighted Average
|
| Number of
|
| Weighted Average
|
|
|
| Warrants
|
| Exercise Price
|
| Warrants
|
| Exercise Price
|
| Outstanding, beginning of year
| | 9,053,005
| $
| 0.16
| | 16,900,539
| $
| 0.17
|
| Issued
| | 7,192,500
| | 0.09
| | 3,149,700
| | 0.16
|
| Exercised
| | 0
| | -
| | (2,040,000)
| | 0.13
|
| Cancelled
|
| (96,575)
|
| 0.14
|
| (110,137)
|
| 0.31
|
| Expired
| | (1,443,112)
| | 0.13
| | (8,847,097)
| | 0.17
|
|
| | | | | | | | |
| Outstanding, end of period
| | 14,705,818
| $
| 0.13
| | 9,053,005
| $
| 0.16
|
|
| Warrants outstanding and exercisable (Tables) |
Warrants outstanding and exercisable by price range as of December 31, 2015 were as follows: |
| Outstanding Warrants
|
| Exercisable Warrants
|
|
|
|
|
|
| Average
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
|
|
|
|
|
| Weighted
|
|
|
|
|
|
| Remaining
|
|
|
|
|
| Average
|
|
| Range of
|
| Number
|
| Contractual Life in Years
|
| Exercise Price
|
| Number
|
| Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $
| 0.08
| | 3,175,000
| | 4.47
| $
| 0.08
| | 3,175,000
| $
| 0.08
|
|
| 0.09
|
| 184,110
|
| 3.86
|
| 0.09
|
| 184,110
|
| 0.09
|
|
| 0.10
|
| 3,802,200
|
| 4.50
|
| 0.10
|
| 3,802,200
|
| 0.10
|
|
| 0.12
|
| 2,735,368
|
| 1.13
|
| 0.12
|
| 2,735,368
|
| 0.12
|
|
| 0.14
|
| 50,000
|
| 3.62
|
| 0.14
|
| 50,000
|
| 0.14
|
| 0.15
| | 2,485,274
| | 2.30
| | 0.15
| | 2,485,274
| | 0.15
|
| 0.17
| | 50,000
| | 3.25
| | 0.17
| | 50,000
| | 0.17
|
| 0.19
| | 100,000
| | 2.12
| | 0.19
| | 100,000
| | 0.19
|
|
| 0.20
|
| 250,000
|
| 1.33
|
| 0.20
|
| 250,000
|
| 0.20
|
|
| 0.22
|
| 477,004
|
| 0.84
|
| 0.22
|
| 477,004
|
| 0.22
|
|
| 0.25
|
| 707,000
|
| 2.52
|
| 0.25
|
| 707,000
|
| 0.25
|
| 0.30
| | 250,000
| | 2.91
| | 0.30
| | 250,000
| | 0.30
|
| 0.33
| | 250,000
| | 2.50
| | 0.33
| | 250,000
| | 0.33
|
| 0.36
| | 39,863
| | 0.84
| | 0.36
| | 39,863
| | 0.36
|
| 0.38
| | 100,000
| | 1.56
| | 0.38
| | 100,000
| | 0.38
|
| 0.40
| | 50,000
| | 1.87
| | 0.40
| | 50,000
| | 0.40
|
| | | | | | | | | | | |
| | | 14,705,818
| | 1.79
| | | | 14,705,818
| $
| 0.13
|
|